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Which Key Date At MS 70?

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New Member
Nortonthe1st's Avatar
United States
23 Posts
 Posted 05/26/2007  7:41 pm Show Profile   Bookmark this topic Add Nortonthe1st to your friends list Get a Link to this Message Number of Subscribers
I'm looking to purchase a key date, outside of my collections as a pure investment. Any opinions out there on what to look for in getting the best return in 20 years? I'm open to any coin, foreign or US.

Thanks,
-Norton
Pillar of the Community
longnine009's Avatar
United States
1247 Posts
 Posted 05/26/2007  8:36 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
1847 Gothic Crown. Although I believe they were only struck as proofs.

Do mind if I ask why the coin has to be MS70? It's more likely, IMO, that a classic coin in EF will do better over 20 years than what is being called MS70 today. High end grades, huge price gaps between grades, and eternally changing grading interpretations don't exactly encourage long term holding, it encourages re-submissions.

Twenty years is long time. I don't have much faith that U.S grading is going to carry the load for that long.
Valued Member
Guido's Avatar
United States
390 Posts
 Posted 05/27/2007  05:04 am  Show Profile   Bookmark this reply Add Guido to your friends list Get a Link to this Reply
If I had the money, I would try and find a Proof 70 1995-W Silver American Eagle (they only came in proofs, no mint state coins). I think I saw that there were only 78 graded by NGC in this grade, so if you find one (and "if" is a good word), then expect to pay a lot for it. But, I think it will be a great investment.

Or, the 2006 20th Anniversary Gold Eagle or Silver Eagle sets in a 70 grade. The Gold set is selling for about $8,000 on ebay right now and the Silver is selling for about $1800 (!!). Not bad for a $2,700 and $100 price from the US mint.
Edited by Guido
05/27/2007 05:05 am
Valued Member
lknerr's Avatar
United States
167 Posts
 Posted 05/27/2007  12:41 pm  Show Profile   Bookmark this reply Add lknerr to your friends list Get a Link to this Reply
I agree with Guido as far as the 1995 W PR70 silver eagle sense there were only 30,125 made. I just looked it up on PCGS's price guide it says 35K. IMHO it can go no were but up.
Valued Member
Guido's Avatar
United States
390 Posts
 Posted 05/28/2007  03:34 am  Show Profile   Bookmark this reply Add Guido to your friends list Get a Link to this Reply
I think the PCGS price is mis-leading since there is only 1 coin graded in a 70 by them. NGC has graded 79 of them, so you would be more able to find one of those (although it may take some time). I think low to mid $20K's is what it might go for now.
Bedrock of the Community
United States
20753 Posts
 Posted 05/28/2007  08:12 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Sort of depends on how you plan on selling it in the future. Note that if you check out the 2008 Edtion of the Red Book, Pages 399 to 403 you see many coins that sold for hundreds of thousands to millions. These are based on auction prices though. For the average person to buy and sell coins the best thing to do is find coins that the majority of collectors are looking for. Naturally that would include such famous coins as the Lincoln Cents 09S VDB, 22Plain, 55 Double Die. Also, 1856 and 1877 Small Cents, 3 legged 1936D & 37D partial legs, 16D Merc Dime, 32D Washington quarter. There are numerous other coins of great value but you can't beat the ones that have fame and are wanted to complete collections by the masses of collectors. We have 300 million people in the USA alone and probably a large quantity are becoming coin collectors due to all the promotions of the US Mint. Very rare coins may be worth a lot more but just as with a multi million dollar house, you just don't have the amount of buyers available for super rare coins.
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Nortonthe1st's Avatar
United States
23 Posts
 Posted 05/28/2007  09:15 am  Show Profile   Bookmark this reply Add Nortonthe1st to your friends list Get a Link to this Reply
Thanks for all your help. Guys I will keep you posted on my key date romps. Right now it's time to look for a 32D Washington.

Thanks,
Norton
Valued Member
Guido's Avatar
United States
390 Posts
 Posted 05/28/2007  5:58 pm  Show Profile   Bookmark this reply Add Guido to your friends list Get a Link to this Reply
The one thing you haven't mentioned is how much money you have to invest. That will have a huge impact on what you CAN or CANNOT buy. What is your budget to work with?
Bedrock of the Community
United States
20753 Posts
 Posted 05/28/2007  7:19 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Regardless of the amount of money available for such investments, I still think coins that have a great potential for turnover are the best investments. You could buy a coin worth $100,000 and if the economy falls substantially, you would not find much of a market for such items. However, a 32D Washington quarter in MS grade would always be a coin that numerous individuals would suffer a little financially to purchase. Excessively expensive coins are like a million dollar house. Nice but how many buyers are out there?
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